For more than a year now, powerful men across many industries have been brought down by revelations that they sexually harassed or assaulted women at work. For the ones left standing, learning what constitutes appropriate workplace behavior has been a necessary part of hanging on to their jobs. For people, like, say, Harvey Weinstein or Matt Lauer—both of whom deny any wrongdoing!—this exercise would be akin to learning to walk again after a horrible accident paralyzed half of their bodies. But for normal people who are not suspected sexual predators, it actually shouldn’t be that difficult to identify bad things like rape, unwanted touching, asking employees out on dates, commenting on colleagues’ appearances, promising raises or promotions for sexual favors, and so on. But according to a new report, Wall Street has taken a different approach than simply “acting like a professional human adult”: shunning women entirely.

Bloomberg’s Gillian Tan and Katia Porzecanskireport that across the financial-services industry, men are “channeling” Vice President Mike Pence, who won’t dine alone with a woman, for fear of doing something that could be construed as sexual harassment. (Pence, who reportedly calls his wife “Mother,” also insists on her presence if he attends an event where alcohol is served.) An infrastructure-investing manager says he won’t meet with a female employee in rooms that don’t have windows; in addition, he “keeps his distance in elevators.” Another man, in private equity, has a new, self-imposed rule that says he’s not allowed to have a business dinner with any women who are 35 or younger. (Apparently, after 35, there’s no risk of doing anything appropriate, as women turn into old hags.)

The horror stories continue. An investment adviser who oversees roughly 100 employees said he started to reconsider having one-on-ones with junior females. Others are refusing to sit next to female colleagues on flights and booking hotel rooms on different floors during work trips. #MeToo, according to David Bahnsen, a former managing director at Morgan Stanley, is “creating a sense of walking on eggshells.” Men, employment attorney Stephen Zweig told Bloomberg, are concerned about “a false accusation,” and “fear what they cannot control.”

Indeed, it’s a hard world out there for men who are largely protected from lawsuits thanks to an industry-wide preference for forced arbitration and a preponderance for N.D.A.s. But avoiding women at all costs doesn’t just make the men of Wall Street look like weird Mike Pences who apparently can’t control themselves in the presence of the devil sex. It also has a damaging effect on the careers of the women they’re shunning for fear of being accused of sexual harassment:

Now, more than a year into the #MeToo movement—with its devastating revelations of harassment and abuse in Hollywood, Silicon Valley, and beyond—Wall Street risks becoming more of a boys’ club, rather than less of one . . . In this charged environment, the question is how the response to #MeToo might actually end up hurting women’s progress. Given the male dominance in Wall Street’s top jobs, one of the most pressing consequences for women is the loss of male mentors who can help them climb the ladder.

“There aren’t enough women in senior positions to bring along the next generation all by themselves,” Lisa Kaufman, chief executive officer of LaSalle Securities, told Bloomberg. “Advancement typically requires that someone at a senior level knows your work, gives you opportunities, and is willing to champion you within the firm. It’s hard for a relationship like that to develop if the senior person is unwilling to spend one-on-one time with a more junior person.” Or if the senior person is taking cues from a guy who thinks the Aunt Jemima bottle is giving him lascivious winks from across the table.

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Steve Mnuchin: Trump’s “deal” with China only exists in his head

“I’m very hopeful we can turn this into a real agreement,” Mnuchin told CNBC’s Squawk Box, of the 90-day trade truce struck with China over the weekend that his boss boasted to reporters is an “incredible deal” that “will go down as one of the largest deals ever made.” Saying that China “put on the table an offer of over $1.2 trillion in additional commitments,” the Treasury secretary added, “the details of that still need to be negotiated.”

Trump appoints guy who wants more tariffs to lead Chinese trade talks

The move doesn’t exactly inspire confidence that the U.S. and Beijing will be able to reach a compromise at the conclusion of the 90-day truce, at which point both sides have vowed to ratchet up the tariffs. Per The Wall Street Journal:

President Trump named a China hard-liner to lead negotiations with Beijing, indicating the U.S. will pursue a tough stance in what is bound to be contentious talks over a trade dispute that has sent shivers through global markets.

Mr. Trump informed Chinese President Xi Jinping of his choice of Robert Lighthizer at their Saturday meeting in Buenos Aires, people familiar with the discussions said, pointing several times to the U.S. trade representative as the person who will face off with Beijing’s diplomats and using Mr. Lighthizer’s charts in presentations.

“The decision sets talks in a whole new direction,” Hudson Institute China scholar Michael Pillsbury told the Journal. Sure, it’s not as bad as appointing China crackpotPeter Navarro to head up the talks, but it’s getting close!

Morgan Stanley: if you liked those auto layoffs, there’s a hell of a lot more where that came from

Ford Motor Co.’s $11 billion re-structuring could cost 25,000 employees their jobs, exceeding the cutbacks General Motors Co. announced last week, according to Morgan Stanley.

In his report, Morgan Stanley analyst Adam Jonas wrote that while “a large portion of Ford’s re-structuring actions will be focused on Ford Europe . . . we also expect a significant re-structuring effort in North America, involving significant numbers of both salaried and hourly U.A.W. and C.A.W. workers.” That news is unlikely to be well-received by a guy who still thinks auto jobs are coming back.

Elsewhere!

Occupy Jamie Dimon: Activists Are Chasing the Billionaire Across the U.S. (Bloomberg)

Trump’s Advisers Struggle to Explain Deal He Says He Cut with Xi (Bloomberg)

Major Wall Street economists have their doubts trade cease-fire will lead to actual deal in 90 days (CNBC)